Euro vs. UK Battle Lines Drawn

In the midst of the gravest economic crisis in the European Union’s history, the European Commission is proposing a five per cent budget rise for 2014-20. This, as we have argued, is an absurd piece of featherbedding. Yet when David Cameron attends the EU summit on November 22 and 23, he will find himself squeezed between the majority of members, who favour an increase, and the view of the Commons, which voted last week for a budget cut.